Describe the main steps of prcject cost management process. Clearly state the input andoutput of each step of the cost management proces s. (6 Marla)
Question
Describe the main steps of prcject cost management process. Clearly state the input andoutput of each step of the cost management proces s. (6 Marla)
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Solution 1
The main steps of project cost management process are as follows:
- Cost Estimation:
- Input: Project scope, project requirements, project schedule, resource rates, historical data.
- Output: Cost estimates, including the total project cost and cost estimates for individual project activitie Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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